Page 8 - Infinity Power Report
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Infinity Power     2023 Sustainability Report                                                                                                                                                                                                                                                                                                                                     8

                 Identifying our material issues

                 Following best practice guidelines, in 2023 we                                                                                                                                                                        Biodiversity and ecological impacts

                 conducted a rigorous materiality assessment in
                                                                                                                                                                                           Local job creation
                 which we considered the impact of sustainability                                                                                                                                                                                           Community engagement
                 issues on Infinity Power, as well as the impact of                                                                                                       Human rights and supply chain                                            Health, safety and security

                 the company on society and the environment.                                                                                                                                                                                       (employees and communities)

                 Conducting a materiality assessment enables                                                                                                                                         Climate change mitigation                                   Labour management and community unrest/grievances
                                                                                                                                                                                                   and adaption
                 us to stay up to date with business risks and
                 opportunities and understand what matters most                                                                                                                                                        Community investment                                   Renewable and reliable energy production

                 to our stakeholders. It also ensures we remain                                                                                                                                   Renewable energy                                    Business ethics, fraud and corruption
                                                                                                                                                                                                 capacity building
                 accountable and compliant, by focusing our

                                                                                                  IMPORTANCE TO STAKEHOLDERS
                 strategy and reporting on the issues that
                 matter most.                                                                                                                                                                                                 Environmental                       Contractor partnerships
                                                                                                                                                                           Lifecycle environmental impacts
                 To define our material issues, we conducted
                                                                                                           SIGNIFICANT                                                                                                                                          Socio-economic political risks
                 internal and external stakeholder engagement.                                                                                                                                          Responsible land use/access

                 Internally, we reviewed the latest developments

                 in the renewable energy landscape and spoke                                                                                                                                                                                 Diversity and inclusion

                 to team members from across the business to                                                                                                                                                                                (including gender)

                 understand how critical they believed each ESG

                 topic to be. Externally, we spoke to stakeholders

                 outside of our business to listen to their views and
                 their priorities. Using these insights, 17 material

                 issues were identified and prioritised based on

                 their importance to stakeholders and their impact
                                                                                                                                                                                                                                                                                                             Our 17 material issues
                 on the company.
                                                                                                                                                                                                                                                                                                             Our sustainability strategy revolves around these
                                                                                                           MODERATE                                                                                                                                                                                          guide our objectives and the targets in this report.

                 The materiality matrix shows the results of this                                                                                                                                                                                                                                            material issues and is grouped into four pillars to

                 prioritisation exercise. Issues placed higher

                 have a larger impact on stakeholders, whilst
                                                                                                                                                                                                                                                                                                                    DELIVERING STANDARDS OF
                 the further to the right an issue is, the more
                                                                                                                                                                                                                                                                                                                 ENERGY EXCELLENCE
                 significant its impact on the company. We aim

                 to re-evaluate materiality on an annual basis to                                                                                                                                                                                                                                                   PROTECTING THE NATURAL ENVIRONMENT

                 keep the business aligned with the changing ESG

                 landscape and emerging risks and opportunities.                                                                   MODERATE                                              SIGNIFICANT                                                MAJOR
                                                                                                                                                                                                                                                                                                                    LEADING THE JUST ENERGY TRANSITION

                                                                                                                                                                             IMPACT ON INFINITY POWER                                                                                                            OPERATING WITH INTEGRITY
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